The story

The U.S. Air Force on Friday announced one of the largest military acquisition programs in U.S. history, saying the service had chosen Northrop Grumman over Boeing to replace its aging air refueling tanker fleet.

"We look forward to partnering with them as we continue to defend our great nation in the future," said Secretary of the Air Force Michael Wynne.

The announcement was a surprise to many in the business industry who expected Boeing to be favored over the company, which will use a European company's airframe, Airbus, for the tanker. Read full article »